FGC….to add to your argument…
http://www.gold-eagle.com/editorials_08/captainhook090808.html
Captainhook’s long term dollar chart looks anything but rosey….A puppy that is about out of steam is more like it.
All the best.—–aggie.
http://www.gold-eagle.com/editorials_08/captainhook090808.html
Captainhook’s long term dollar chart looks anything but rosey….A puppy that is about out of steam is more like it.
All the best.—–aggie.
Right just the US Dollar against other currencies. It says nothing about anything else.
aurum UUP
the buck has pushed thru some minor resistance….from 71 to 80so far….similar to the rally in 05…
But presently its quite Overbought on the weekly chart No ?
….and there is thet Line at 80-82 No?
….and I know you dont watch fundamentals but…what about that Current Account Deficit..and all the other deficits …in the trillions I beleive…
and now the Fanny/Fredie Fiasco…ad the soon to be Auto Bailouts…and the Recession…and the declining Treasury Yields
….anyhow the Dx is just a ratio vs other toilet paper currencies…each with its own problems….so i guess anything is possible…..but to me thats like betting the Dolphins win the Super Bowl this year
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http://news.goldseek.com/EuroCapital/1220941020.php
probably the biggest policy blunder of all time….Sets a precedent for the federal govermnent to not only corrupt…..but absolutely corrupt the US currency and economy. Got gold?
All the best.—–aggie.
yessirreesir…..can agree with that…goldbug to goldbug. I sure think it will be sooner than you think.
All the best.—–aggie.
If I had to guess, I would say it will get just ugly enough towards the end of this month to get enough shorts in to use them as a springboard higher.
aurum
was support for 17 years and 4 strong touches and bounces….when it failed that was a BIG deal
what makes you think it just blows thru that line ?….on the first try ?
Fib ratio guess to the bear. Still it will be longer than we expect if not 7+-. I haven’t looked at the head and shoulders to confirm it meets requirements; but if so yes will fail.
That is my guess. We will see in hindsight.
aurum UUP
why 7 years ?
I thought all share holders were equal and would not be bailed out. It seems that some are more equal than others.
http://tinyurl.com/66ahk6
Fully,
US Dollar is in a 7 (+-)year bull market.
aurum UUP
As I thought. Even at my age with a little Margaux I might do those sort of feats.
Thanks.
aurum
Just another clucking chicken Eagle on this site that flaps its little wings strongly but, just can’t seem to fly.